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Financial Services
Financial advice including wealth creation, insurance and lending services
Crowd-Sourced Equity Funding Bill Reintroduced to Parliament
by Peter Towers | Jan 19, 2017 | Financial Services
The Australian government has tabled new legislation relating to the authorisation of Crowd-Sourced Funding for Australian businesses. The bill amends the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001 to facilitate...
So, an SMSF is a safe place to keep your assets – right?
by Michael Doran | Oct 19, 2016 | Financial Services
The Concern Until recently, it has generally been assumed that self-managed superfunds (SMSFs) are, as a practical matter, outside the ambit of payroll tax grouping. It largely followed that SMSF assets are beyond the reach of State Revenue Offices. The recent...
More than a fair share of audit activity
by Charlotte Gell | Oct 19, 2016 | Financial Services
The rapidly evolving sharing economy, in the form of household names such as Uber and Airbnb, has the Australian Taxation Office (ATO) concerned that these entities are not paying their fair share of tax. The list of target areas for the ATO continues to get longer...
The 10% foreign resident CGT withholding tax – It doesn’t apply to Australian resident sellers – true or false?
by Cynthia Voon | Jul 5, 2016 | Featured Articles, Financial Services
It is common knowledge that the new measure to impose a non-final withholding tax in relation to dealings with certain Australian assets by foreign residents has been enacted and applies to contracts entered into on or after 1 July 2016. Effective from this date,...
The SMSF Skeleton in the Closet
by David Saul | Jul 5, 2016 | Featured Articles, Financial Services
We are just through the end of the 2016 financial year! We have had the longest and most uninspiring Federal Election thrust upon us, with both major parties rattling placards that threaten to turn SMSFs on their head. Oh yes … there is the shock outcome of Brexit and...
The effects of politics and perception on your insurance
by Charlotte Gell | Jun 15, 2016 | Featured Articles, Financial Services
Organisations will soon need to report breach notifications to the privacy commissioner or otherwise face fines of up to $1.7m for companies and $340,000 for individuals. The privacy commissioner will determine if proper systems are in place to protect data and if not...